Analysis and Consequences of Policy and Society During Wartime

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Henry Whipple Mr. Manos CGI AP US History II Wars Being Discussed: WWI, WWI, War in Afghanistan December 10, 2012 Analysis and Consequences of Policy and Society During Wartime ✚ = OR Analysis and Consequences of Policy and Society During Wartime Throughout the history of the United States of America, the people have witnessed great change in various fields, be it the economy or the classes of society, among many other sectors. The ever-changing landscape of this nation has often looked especially different during the time of one war from the era of another, and has produced tremendous impacts on both the United States and her people. Particularly World War I and World War II, along with the war in Afghanistan that has yet to conclude, have had profound effects upon the American economy and society as a whole. While each of the World Wars pulled the nation out of economic despair and into an era of prosperity, the government’s misjudgment that preceded the Afghani conflict has led to massive spending and despair for the American society as a whole. In conjunction with the social outlook of the nation, the policies in particular that were implemented by the Federal government and the Federal Reserve preceding each clash played significant roles in determining the consequences of the wars and their aftermath in the United States. Before thoroughly examining policies in American history and their intended or unintended consequences, it is important to first understand the difference between specific types of policies. According to the Federal Reserve System, the goal of Monetary Policy is “to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates” (Purposes and Functions). In order to achieve these objectives, the Federal Open Market Committee is authorized to set the federal funds

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